New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-02-04
RAILROAD 1urss{sna.
CONSIDERING INTERSTATE COMMERCE.

fVu TRUNK LINE PRESIDENTS wANT1LdHT ON THE
BnL-To SUSTAIN RATES.
The trunk line presidents discussed the railroad
situation yesterday at Commissioner Finks office and
considered especially the bearing upon 1t OF the Inter-
.tsts Commerce bill The result, far as harmoni
GUS comprehension OF thS measure was coa tS
ference some days ago between the counsel OF the
Vanderbilt system, which resulted In about an equal
division Of opinion All OF the presidents OF ine
Robert Garrett. of the Baltimore and Ohio: That
company was represented by yice-Presdent Spencer,
The Grand Trunk OF Canada delegates were General
Manager Hickson and Traffic Manager Seargeant
The American presidents were supported by their
vice presidents and general passenger agents.
Conflicting views expressed as to the require
ments OF the Interstate Commerce bill, but 1t was
generally agreed that most rigid Interpretation
OF it's provisions would require the perpeaton OF the
preserve paying tariffs. 1t finally decided to
refer the subject to the executive committee OF vice.
presidents VINO are to report their conclusions ana
Recommendations to future meeting OF the committee
of presidents. An early opportunity will then be
sou rht to obtain official declaration OF instruction
from the Railroad Commissioners to be appointed
under the law and afterward the companies will take
tho required steps to conform to the law.
There was n general discussion OF the cutting In
rates live stock and east bound dead freight 1t
was agreed TO adopt whatever measures were neoes-
sery to maintenance OF the tariff hereafter
and to thoroughly investigate the charges preferred
The Grand Trunk revived Its old request for Tread
iustment of eastbound freight percentages and 1t
decided to have speedy hearing for the purposes OF
revision. Passenger matters were also considered
and partial progress made toward an adjustment OF
harmonious relations between the Baltimore and Ohio
and It's colleagues in the trunk line commission.
MISCELLANEOUS RAILWAY INTELLIGENCE.
sALxM Ore. Feb. "a bill granting franchise to tho
Oregon Railway AMI Navigation Company to construct
brdl the willamette River at Portland passed the
House OF the Legislature yesterday afternoon by
OF 81 10 q IL went through the Senate by vote OF
a to nd ia
ernoi's Veto
MONTREAL, Que, Feb 3.-The Hatton party In the
Montreal, Portland and Boston Railroad have at
last gained point that they had long been aiming at
namely possession OF the company's books The books
brought Into court subpoena. and before they
could be removed n seizure was put upon them by Mr.
Hatton. The Canadian Pacific and southeastern com
bnaOn which also claims still 10 control the company
will no doubt try to recover the books.
PHILADELPHIA, Feb 3.-Thc time OF depostng securi
ties OF the Reading Railroad Company under the Drexel
Morgan syndicate for reorganization expiring on March l.
the counsel for the trustees and those upon whose suit
foreclosure has been asked will press the United states
TO the day for the sale OF the property Tho
dissenting general mortgage bondhOdcrs state to-day
master decision the rights OF the general mortgage
scrip under foreclosure sale The Is to be taken
upon this appeal To the United States suprene court
The appeal the dissenting general mortgage bondholder5
state will defer the sale for nearly two years.
Tho changes in tho Board OF Directors OF the East
Tennessee. Virginia and Georgia Railroad Company In
consequence OF the acquisition OF the control by
the Richmond and West Point Terminal Company were
made Yesterday. Alfred Sully, Thomas VI. Logan, John
H. Inman. George +. stone, Emanuel Lehman. lsac l.
Rice, j. A. rutherford and James B Pace Of the Icrnl-
nal Board. elected directors and George >. scott,
formerly president OF the IICnmund and DanFe system,
syndicate which recently took the collateral trust loan
for - 100000 OF the Terminal Company.